BTC/USD, XBT/USD - SHORT

Whats up Guys,

Several Bear Flags / Pennants have formed over the last few days each predictably resulting in a decline.

Look for confirmation below the lower support level of the flag . I have given a target of 8350 - After reached, reanalyze.

RSI, STOCH RSI, MACD all look primed for another leg down

Volume Diminishing during the consolidation phase helps confirm the bear flag.

Ten Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors

www.bitmex.com/register/2Zkkvg

#Crypto #BTC #cryptocurrency

Twitter @willn12416

-Nix

Trade active:

SHORT
Target 8350
SL 8750
15x

Comment:

Im still short - Keep a close eye on this with tight stop losses -

There are traps every day in this market -

Comment:

We hit another home run here guys -

I'll let everyone know when Im out.

Trade active:

SL Adjustment 8450 (Profit Protection)
TP 8310

Trade closed manually

Comment:

I closed

Comment:

8400 is proving some resistance (level from early April)- stay in if you feel some gamble in you just make sure to protect your profits by adjusting the SL.

Comment:

I'll post a new chart as i develop something

Comment:

New Twitter Address:
Twitter @WillNixxx